The legacy of imperialism was important in the creation of dependency theory

The legacy of imperialism was important in the creation of dependency theory

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The legacy of imperialism was important in the creation of dependency theory. This theory was developed in Latin America to explain the lack of development there – argued that the relationship with the United States was the major factor in preventing economic growth. Dependency theory: the periphery is actively underdeveloped by the core. The core’s interests are to maintain the periphery in a developing stage, so it can continue to use it for raw materials and cheap labor. As such, development is not an option for the developing world. This is not the result of a nefarious conspiracy, but rather is a result of
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Unformatted text preview: the structure of the system itself. Radicals at the time promoted import substitution policies basically, this was a way to break free of the dependence on the United States through the development of domestic industries. They based this on the idea that in the metropole-satellite relationship (or the core-periphery relationship) economic development did occur when the core was in conflict during World War I for example, there was progress towards development in Latin America....
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This note was uploaded on 11/27/2011 for the course POLISCI 1003 taught by Professor Olson during the Fall '11 term at GWU.

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